afin bank limited
afin bank limited Company Information
Company Number
13090556
Website
-Registered Address
birchin court 20 birchin lane, london, EC3V 9DU
Industry
Activities of financial services holding companies
Management consultancy activities (other than financial management)
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
waica reinsurance corp plc 100%
afin bank limited Estimated Valuation
Pomanda estimates the enterprise value of AFIN BANK LIMITED at £0 based on a Turnover of £0 and 1.02x industry multiple (adjusted for size and gross margin).
afin bank limited Estimated Valuation
Pomanda estimates the enterprise value of AFIN BANK LIMITED at £0 based on an EBITDA of £-1.7m and a 4.76x industry multiple (adjusted for size and gross margin).
afin bank limited Estimated Valuation
Pomanda estimates the enterprise value of AFIN BANK LIMITED at £2.1m based on Net Assets of £962.2k and 2.16x industry multiple (adjusted for liquidity).
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Afin Bank Limited Overview
Afin Bank Limited is a live company located in london, EC3V 9DU with a Companies House number of 13090556. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in December 2020, it's largest shareholder is waica reinsurance corp plc with a 100% stake. Afin Bank Limited is a startup, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Afin Bank Limited Health Check
Pomanda's financial health check has awarded Afin Bank Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 2 areas for improvement. Company Health Check FAQs
2 Strong
0 Regular
2 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Afin Bank Limited
- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Afin Bank Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Afin Bank Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Afin Bank Limited
- - Industry AVG
Employees
with 12 employees, this is below the industry average (29)
- - Afin Bank Limited
- - Industry AVG
Pay Structure
on an average salary of £90.7k, the company has a higher pay structure (£73.2k)
- - Afin Bank Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Cash Balance
has cash to cover current liabilities for 135 weeks, this is more cash available to meet short term requirements (29 weeks)
- - Afin Bank Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28.9%, this is a lower level of debt than the average (56.5%)
- - Afin Bank Limited
- - Industry AVG
AFIN BANK LIMITED financials
Afin Bank Limited's latest turnover from December 2023 is 0 and the company has net assets of £962.2 thousand. According to their latest financial statements, Afin Bank Limited has 12 employees and maintains cash reserves of £971.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Turnover | 0 | 0 | |
| Other Income Or Grants | |||
| Cost Of Sales | |||
| Gross Profit | |||
| Admin Expenses | |||
| Operating Profit | -1,767,933 | -406,520 | |
| Interest Payable | 1,263 | 0 | |
| Interest Receivable | 0 | 0 | |
| Pre-Tax Profit | -1,769,188 | -406,520 | |
| Tax | 0 | 0 | |
| Profit After Tax | -1,769,188 | -406,520 | |
| Dividends Paid | 0 | 0 | |
| Retained Profit | -1,769,188 | -406,520 | |
| Employee Costs | 1,088,800 | 224,067 | |
| Number Of Employees | 12 | 5 | 5 |
| EBITDA* | -1,746,445 | -406,393 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Tangible Assets | 171,389 | 360 | 487 |
| Intangible Assets | 12,000 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 19,200 | 0 | 0 |
| Total Fixed Assets | 183,389 | 360 | 487 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 197,727 | 6,859 | 19,562 |
| Cash | 971,678 | 7,333 | 86,318 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 1,169,405 | 14,192 | 105,880 |
| total assets | 1,352,794 | 14,552 | 106,367 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 18,861 | 24,155 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 111,016 | 0 | 0 |
| other current liabilities | 241,663 | 26,183 | 59,537 |
| total current liabilities | 371,540 | 50,338 | 59,537 |
| loans | 38,150 | 0 | 0 |
| hp & lease commitments | 19,075 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 19,075 | 0 | 0 |
| total liabilities | 390,615 | 50,338 | 59,537 |
| net assets | 962,179 | -35,786 | 46,830 |
| total shareholders funds | 962,179 | -35,786 | 46,830 |
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -1,767,933 | -406,520 | |
| Depreciation | 21,488 | 127 | 21 |
| Amortisation | 0 | 0 | 0 |
| Tax | 0 | 0 | |
| Stock | 0 | 0 | 0 |
| Debtors | 210,068 | -12,703 | 19,562 |
| Creditors | -5,294 | 24,155 | 0 |
| Accruals and Deferred Income | 215,480 | -33,354 | 59,537 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | -1,746,327 | -402,889 | |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 38,150 | 0 | 0 |
| Hire Purchase and Lease Commitments | 130,091 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | -1,263 | 0 | |
| cash flow from financing | 2,934,131 | 323,904 | |
| cash and cash equivalents | |||
| cash | 964,345 | -78,985 | 86,318 |
| overdraft | 0 | 0 | 0 |
| change in cash | 964,345 | -78,985 | 86,318 |
afin bank limited Credit Report and Business Information
Afin Bank Limited Competitor Analysis
Perform a competitor analysis for afin bank limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other startup companies, companies in EC3V area or any other competitors across 12 key performance metrics.
afin bank limited Ownership
AFIN BANK LIMITED group structure
Afin Bank Limited has no subsidiary companies.
Ultimate parent company
AFIN BANK LIMITED
13090556
afin bank limited directors
Afin Bank Limited currently has 9 directors. The longest serving directors include Mr Huw Evans (Oct 2021) and Ms Katrina Arnold (Oct 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Huw Evans | England | 65 years | Oct 2021 | - | Director |
| Ms Katrina Arnold | England | 66 years | Oct 2021 | - | Director |
| Mr Ezekiel Ekundayo | England | 66 years | Jul 2022 | - | Director |
| Mr Samuel Amankwah | England | 68 years | Jul 2022 | - | Director |
| Mr Joseph Liow Yune Loy | England | 55 years | Jul 2022 | - | Director |
| Mr Andrew Holmes | England | 59 years | Jul 2022 | - | Director |
| Mr Andrew Holmes | England | 59 years | Jul 2022 | - | Director |
| Mr Jason Oakley | England | 57 years | Nov 2023 | - | Director |
| Mr David Kenmir | England | 61 years | Sep 2024 | - | Director |
P&L
December 2023turnover
0
0%
operating profit
-1.8m
+335%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
962.2k
-27.89%
total assets
1.4m
+91.96%
cash
971.7k
+131.51%
net assets
Total assets minus all liabilities
Similar Companies
afin bank limited company details
company number
13090556
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
64205 - Activities of financial services holding companies
70229 - Management consultancy activities (other than financial management)
incorporation date
December 2020
age
4
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
all africa capital limited (October 2024)
accountant
-
auditor
MGI MIDGLEY SNELLING LLP
address
birchin court 20 birchin lane, london, EC3V 9DU
Bank
-
Legal Advisor
-
afin bank limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to afin bank limited.
afin bank limited Companies House Filings - See Documents
| date | description | view/download |
|---|
